AQR Capital Management LLC Purchases 105,444 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

AQR Capital Management LLC boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 74.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,918 shares of the financial services provider’s stock after purchasing an additional 105,444 shares during the period. AQR Capital Management LLC owned about 0.09% of Fidelity National Financial worth $12,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its holdings in shares of Fidelity National Financial by 59.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 19,126 shares of the financial services provider’s stock worth $941,000 after buying an additional 7,156 shares during the period. TD Asset Management Inc grew its position in Fidelity National Financial by 26.7% in the 4th quarter. TD Asset Management Inc now owns 42,790 shares of the financial services provider’s stock valued at $2,183,000 after acquiring an additional 9,023 shares during the last quarter. Stifel Financial Corp increased its stake in Fidelity National Financial by 3.5% in the fourth quarter. Stifel Financial Corp now owns 96,199 shares of the financial services provider’s stock worth $4,908,000 after purchasing an additional 3,252 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of Fidelity National Financial by 38.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 27,310 shares of the financial services provider’s stock worth $1,393,000 after purchasing an additional 7,513 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in shares of Fidelity National Financial by 41.0% during the fourth quarter. Belpointe Asset Management LLC now owns 7,857 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 2,284 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $61.20 on Wednesday. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $62.11. The company has a market capitalization of $16.72 billion, a PE ratio of 20.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50-day simple moving average of $57.82 and a two-hundred day simple moving average of $53.14.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.14%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.